Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) advanced on Thursday and extended its rally for the fourth session in a row, backed by real estate, energy and bank stocks.

The benchmark index ADI rose 0.72% – its biggest single-day gain in 10 sessions – to end at a 31-day high of 4,655.80 points.

The market’s turnover jumped to its highest level since December 2014, as it rose by 43% to AED 615.8 million. Traded volume amounted to 387.74 million shares.

The energy sector gained 3.32%, backed by Dana Gas and Taqa, which rose 4.35% and 1.27%, respectively, despite the fall in oil prices earlier on Thursday.

Similarly, the real estate sector was the top performer with a rise of 3.01%, after Aldar Properties and Eshraq added 3.35% and 1.94%, respectively. Eshraq’s stock was fueled by the news that the company may complete a takeover of a shopping mall in the UAE within a month.

The banking sector also rose 0.39%, amid backing from NBAD, ADCB and FGB, which gained 2.53%, 1.81% and 0.66% in a row.

The investment sector advanced 2.56% after Waha Capital rose by the same percentage. The telecom sector gained 0.45% as Etisalat rose by the same percentage.

The real estate sector was the most active with AED 405 million, or 68% of the market liquidity, as Aldar and Eshraq accounted for AED 185.4 million and AED 180 million, respectively.